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In Colombia, It Is All About Institutions

Author

Listed:
  • Abdiweli M. Ali

Abstract

This paper highlights the importance of institutions on development and as it particularly applies to Colombia. It provides some evidence that the institutional environment in which an economic activity takes place is an important determinant of growth. It suggests that countries with high levels of economic growth are characterized with by high levels of economic freedom and judicial efficiency, low levels of corruption, effective bureaucracy, and protected private property.

Suggested Citation

  • Abdiweli M. Ali, 2010. "In Colombia, It Is All About Institutions," Revista Civilizar 7344, Universidad Sergio Arboleda.
    • Handle: RePEc:col:000409:007344
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    File URL: http://usa.edu.co/civilizar/economia/coombia-institutions.htm
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    More about this item

    Keywords

    Institutions; economic freedom; economic policies; corruption; decentralization; credibility and transparency;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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